Generative AI just got a massive boost. Synthesia, the UK’s crown jewel in AI video, has announced a staggering $180 million Series D funding round, solidifying its position as a global leader in enterprise AI-powered video communications.
Synthesia: The UK’s AI Powerhouse
In a major win for the UK’s tech scene, Synthesia has raised $180 million in its Series D round, led by NEA and joined by new investors like WiL, Atlassian Ventures, and PSP Growth. With existing backers GV, MMC Ventures, and FirstMark also on board, the company’s valuation has skyrocketed to $2.1 billion. This achievement cements Synthesia as the UK’s most valuable generative AI media company and a worldwide leader in enterprise video innovation.
Victor Riparbelli, CEO and co-founder of Synthesia, expressed excitement about the funding:
“This new investment will help us create interactive, real-time, and personalized AI video experiences for over 60,000 customers, including major global brands and thousands of small businesses.”
What Makes Synthesia Stand Out?
Synthesia’s platform is no ordinary video tool. It uses cutting-edge AI to transform the video production process for businesses. From personalized avatars to multilingual dubbing, Synthesia makes creating and sharing professional videos as easy as clicking a button.
Recently, the company unveiled Synthesia 2.0, a game-changing platform designed to revolutionize video production. Key features include:
– Personal Avatars: Create AI avatars in minutes that speak over 30 languages.
– AI Screen Recorder: Record and edit professional videos directly in Chrome.
– AI Video Assistant: Convert documents or webpages into videos with customizable templates.
– Multilingual Video Player: Deliver videos in multiple languages with intuitive controls.
– Live Collaboration: Work on video projects in real-time with your team.
These innovations empower businesses to produce localized, engaging, and scalable video content for use cases ranging from internal communications to customer engagement.
Expanding Horizons: A Global Footprint
With this funding, Synthesia is gearing up for global expansion. The company plans to strengthen its presence in North America, Europe, Japan, and Australia. Already operating in seven countries and generating over half of its revenue from the U.S., Synthesia’s global reach continues to grow.
“We believe Synthesia’s groundbreaking platform is poised to revolutionize communication and content creation,” said Aki Jiang and Clifford Cohn of WiL. This sentiment echoes across industries, as 60% of Fortune 100 companies now count on Synthesia for their video needs.
A Strong Leadership Team
Adding to the excitement, Peter Hill has joined Synthesia as Chief Technology Officer. With 25 years at Amazon and AWS and a recent stint as CEO of Wildfire Studios, Hill’s expertise will guide Synthesia’s technical innovation.
The company has also bolstered its workforce, now 400-strong, with strategic hires in R&D, engineering, and product development. This growing team is set to drive Synthesia’s ambitious plans for 2025 and beyond.
Why This Matters for AI and Business
Synthesia’s success reflects the growing importance of AI in enterprise communications. Businesses worldwide are embracing generative AI to streamline processes, reduce costs, and enhance engagement. Synthesia stands out by offering measurable value and enterprise-grade solutions in a crowded AI market.
Philip Chopin, Managing Director of NEA UK, highlights this distinction:
“Synthesia’s commitment to enterprise solutions and impressive customer traction set it apart in a rapidly evolving market.”
What’s Next for Synthesia?
As the world’s most secure AI video platform, Synthesia has raised the bar for compliance and trust. The company recently became the first AI video provider to achieve ISO 42001 certification and conducted a public red team test to ensure its technology remains robust and ethical.
With its commitment to innovation, security, and customer impact, Synthesia is poised to define the next chapter in generative AI. From enhancing employee training to creating multilingual marketing campaigns, the possibilities are endless.
